What is The Graph (GRT)

By orbix • Publish in Crypto 101 • May 24,2024 • 4 min read

What is The Graph (GRT) 

Currently there is a high number of users on Ethereum network which leads to huge amounts of information on blockchain, meaning that getting certain information can be difficult. The Graph rise as a solution, by indexing the large amounts of information and assisting user to find the needed information on Ethereum, POA, and IPFS. This lead to increase of efficiency for users to find information, and receive reward by sharing information as well via public API call “Subgraph” 

Founder 

Yaniv Tal, Janis Pohlmann and Brandon Ramires are the co-founders of The Graph. They used to work together at startup software company and now developing the Graph with team fill with expert in the blockchain technology. 

Why The Graph 

The simplest way to know how The Graph works is to compare it with Google, a search engine that collects data for users to search. The Graph work similarly but the data are kept on Ethereum blockchain and user must pay with GRT to be able to gain the data via these operators: 

Indexer: the one who indexes the data on SubGraph by staking GRT and publishes the data for user to search, which indexer will gain reward according to the number of users that request the data.  

Delegator: the one that stake GRT with Indexer to receive a portion of reward Indexer receive 

Curator: the one to identify valuable pieces of information on the Subgraph, curator receive reward from the Supgraph they are curating according to number of searches. 

Operation on The Graph work as: 

  1. Dapps add data on Ethereum via Smart Contract 
  2. Smart Contract sends the data, which will be called Event, for evaluation and recording. 
  3. Graph Node sand Ethereum Network, seeking new block for new Subgraph 
  4. Graph Node search Event on network from block that keep the event 
  5. DApps connect with Graph Node to take indexed data to GraphQL, and the data will be sent to Dapps afterward.  

GRT Utility 

As the native token of The Graph, GRT main utility is the platform usage fee and for staking to be Curator, Indexer, or Delegator which can receive GRT as a reward from staking 

Roadmap and future of The Graph 

The Graph launched as the first blockchain that is the solution to information indexing on blockchain. With such unique utility, the project attracts a lot of attention within blockchain and cryptocurrencies industry. 

As of now, several high-profile platforms using The Graph such as Uniswap (UNI), Synthetix (SNX), Aave, CoinGecko, Decentraland (MANA), Instadapp, etc. 

With such success, The Graph has already aimed to expand its platform to other networks as well. 

*Cryptocurrency and digital token involve high risks; investors may lose all investment money and should study information carefully and make investments according to own risk profile.   

orbix

Content Writer

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